Stimulus About To Wither On Vine; A look At February Retail Sales – Mish
You can’t make this stuff up. No one would believe it.
GMAC: Too Important to GM to Fail – The Atlantic
Who should be concerned with the GMAC bailout? The U.S. taxpayer. This diagram explains why. You’re the little building with columns on the left:
Greek general strike sparks riots – CBC News
Even police officers, firefighters and coast guard officials participated, some 200 marching in uniform in Athens to express their discontent.
Europe’s banks brace for UK debt crisis – Telegraph, Ambrose Evans-Pritchard
UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than Greece.
Eurozone could risk ‘sovereign debt explosion’ – Telegraph, Ambrose Evans-Pritchard
The warning comes as bond giant PIMCO spoke of a “sovereign debt explosion” that has taken the world into uncharted waters and poses a major threat to economic stability. “Our sense is that the importance of the shock to public finances in advanced economies is not yet sufficiently appreciated and understood,” said Mohamed El-Erian, the group’s chief executive.
Rapid Rise in Seed Prices Draws U.S. Scrutiny – The New York Times
During the depths of the economic crisis last year, the prices for many goods held steady or even dropped. But on American farms, the picture was far different, as farmers watched the price they paid for seeds skyrocket. Corn seed prices rose 32 percent; soybean seeds were up 24 percent.
California public pension funds take new hits on real estate investments – The Sacramento Bee
First up was CalPERS, which Wednesday walked away from a controversial Boston investment that cost it about $91 million.
Then came CalSTRS. A New York skyscraper it co-owns is about to go into default, a credit-rating agency warned Thursday. Default could cost the California State Teachers’ Retirement System its share of a $75 million investment.
Why the Real Estate Boom Will Not Bust – And How You Can Profit from It: How to Build Wealth in Today’s Expanding Real Estate Market – David Lereah
Feeling nostalgic…
A couple of funny videos (ht Patrick)
http://www.youtube.com/watch?v=gdjVISS6NP0
http://www.youtube.com/watch?v=i4kvPnIPyOs
